Important - trailing profits and stops - It is possible?

[mateuszkapiec]

Hello fxdreema members.

I want set trailing profit and stop loss but I don't know how, so maybe someone can help me.

For example when my position have profit 5 pips I want set stop loss on 5 pips and next when my profit still increases I would like set - when my profit discrease will fall by 2 pips EA close position.

[l'andorrà]

Here you have how to do the first part:

https://fxdreema.com/shared/3vloPrX1e

There is a problem with the second part, because it will always happen before the previous one is right. That 'profit drecrease' will need more blocks to be done.

[mateuszkapiec]

Undrestand, thank you. It is possible next moving SL for next 5 pips when my position have 10 pips in the same transaction ?

[l'andorrà]

What do you mean exactly? Maybe this:

1. Price moves 10 pips profit.
2. Then trail stop moves to 5 pips profit

That should not be difficult. Why don't you try it first and then I take a look? Now you have a good model to begin with.

[mateuszkapiec]

I understand how moves trail stops for one change price level (example if profit it is 10 - my SL move to 5 pips)

But how can I set up when my profit still go to up and my SL still follows my profit. Example: my profit is 10 pips my SL move to 5 pips, next when my profit it is 15 pips my SL move to 10 pips, when my profit is 20 pips my SL move to 15 pips e.t.c.

I need set next block "pips away from take profit" and modify stops, or can I make this in one block?

[l'andorrà]

That can be very different depending on how many trades will be open simultaneously. What's the limit?

[mateuszkapiec]

@l-andorrà said in Important - trailing profits and stops - It is possible?:

That can be very different depending on how many trades will be open simultaneously. What's the limit?

In first model about 2-5 at one time, in second model about 10-15 at one time

[mateuszkapiec]

Have you any advice @l-andorrà ?

[l'andorrà]

Having so many orders at the same time I recommend you to use this structure for all moving stops:

https://fxdreema.com/examples#Loop-(For each...)

Look at the second example. Each orders should have to be controlled by a chain of blocks like that.

[Gannyyo8]

I try to use modify stop loop for traling stop level to defend my profit and have question please advice.

1. I can't set it trailing my SL to be 20 point distance from current price it seem limit at 100 point?
   otherwise when my trade is correct moment move >= 25point of profit I need to set SL to 5 point distant from current price. how can I do it?
2. when I use reference price as current price to modify stop the modify stop trailing SL level even price move up (in this case is sell order) I just need it trailing down with reference the current price to defense profit pleases advice

ps. sorry my poor English

[l'andorrà]

I guess you already have a project you are testing. Could you please share it? That way helping you will be easier.